It’s now time for Congress to give tax credits to America’s caregivers

Published in RINewsToday on February 24, 2025

Just a few days after the 119th Congress was sworn in on Friday, January 3rd, AARP, along with 94 organizations, sent a letter to Congress urging lawmakers to enact legislation to provide financial relief for America’s caregivers. This could be accomplished by including the bipartisan bicameral Credit for Caring Act of 2024 (S. 3702/H.R. 7165 introduced in the 118th Congress) in any tax legislation that is advanced during the new Congress, says the joint letter.    

S. 3702/H.R. 7165, introduced during the last session of Congress by Sen. Michael Bennett (D-Colorado) and House lawmakers Mike Carey (D-Ohio), would allow an eligible caregiver a tax credit of up to $5,000 for 30% of the cost of long-term care expenses that exceed $2,000 in a taxable year. The bills defined eligible caregiver as an individual who has earned income for the taxable year in excess of $7,500 and pays or incurs expenses for providing care to a spouse or other dependent relative with long-term care needs. 

The joint letter, dated Jan. 7, 2025, stressed that family caregivers make it possible for older adults, people with disabilities, and veterans, to live independently in their community and age in place at home.  It also cited an AARP study that found caregivers provided $600 billion annually in unpaid labor in 2021 to care for their loved ones. (This figure is based on about 38 million caregivers providing an average of 18 hours of care per week for a total of 36 billion hours of care, at an average value of $16.59 per hour). 

Caregivers take a hefty financial hit, too, having to cover out-of-pocket expenses associated with caregiving and losing income by cutting back on work hours or leaving the workforce entirely. When this occurs these individuals would see reduced Social Security and retirement savings by receiving reduced Social Security and other retirement benefits, noted the organizations in the correspondence. 

The joint letter also mentioned an AARP study that reported family caregivers spend on average, 26 percent of their income on caregiving expenses or over $7,200 annually. The uncompensated care saves taxes payers billions of dollars by delaying or even preventing admission to costly nursing home care and unnecessary hospital stays.  

The joint letter suggested that any tax legislation consider include a new, non-refundable tax credit of up to $ 5,000 for eligible working family caregivers would reduce the significant financial impact of caregiving.  Eligible caregivers caring for loved ones of all ages could receive the credit if the care recipient meets certain functional or cognitive limitations or other requires.  This tax credit would help working family caregivers regardless of whether they live with their loved one or if their loved one is a dependent. 

Overwhelmingly support for tax relief for caregivers 

A newly released AARP poll findings indicate that voters in competitive congressional districts want Congress to give financial relief to America’s family caregivers. The poll, conducted in late Jan. 2025, highlights a “clear, bipartisan mandate” say prominent pollsters from Fabrizio Ward and Impact Research. 

The bipartisan polling team conducted this survey of 3,000 registered voters nationally and 1,000 voters in the 28 most competitive House districts between January 27 and February 1, 2025. According to AARP, the districts chosen were the 15 Republican-held districts won by <5% of the vote in 2024, and the 13 Democratic-held districts that were also won by President Trump in 2024. The margin of sampling error for the national survey is ±1.8% and ±3.1% for the congressional districts survey.

The AARP poll findings reveal overwhelming voter support (84%) for Congress and the Trump Administration to act this Congress on a caregiver tax credit. Among various tax proposals currently being considered by Congress — including eliminating income taxes on Social Security, tips, and overtime pay—voters ranked passing a caregiver tax credit as their top priority. 

“America’s family caregivers put family first, helping their parents, spouses and others stay at home. They spend thousands of dollars every year on this care, while juggling work and family responsibilities,” said Nancy LeaMond, AARP Executive Vice President and Chief Advocacy & Engagement Officer in a statement released on Feb. 11, 2025 announcing the results of AARP’s poll. “Without them, millions of older Americans would be forced into costly nursing homes—many at taxpayer expense. As Congress debates tax policy, the message from voters is clear: lawmakers must prioritize financial relief for hardworking Americans who are caring for their aging family members. AARP urges Congress to put money back into the pockets of hardworking family caregivers by passing a tax credit,” she says.  

Bipartisan

The poll findings indicate that support for the caregiving tax credit spans party lines, with strong majorities of Republicans (84%), Independents (82%), and Democrats (87%) in favor.  And support for a caregiver tax credit (84%) outpaces support for continuing the 2017 tax cuts (51%).  

Seventy-six-percent of voters agree that “Before Congress extends any tax breaks for the wealthy and corporations, it should support working Americans with a tax credit to help cover the expenses of taking care of a loved one.”  

Family caregiving crosses party lines, with nearly two-thirds of voters (63%) serving as family caregivers at some point in their lives—many of whom struggle financially. 

Most voters (63%) say they are worried about their personal financial situation.  Family caregivers nationwide, many of whom face financial struggles, spend an average of $7,200 in out-of-pocket expenses each year—making it harder to afford essentials like groceries and bills.

“Voters over the age of 50 are a critical voting bloc that all candidates should compete for every election cycle,” adds Tony Fabrizio, partner at Fabrizio Ward“Our poll found that Americans of all political stripes want leaders to support family caregivers. Candidates looking ahead to the 2026 midterms should pay attention to this issue if they want to win,” he said.

Could tax credits for caregivers become a reality?

Maybe.  During the 118th Congress, Republican and Democratic lawmakers came together to cosponsor legislation that called for federal tax credits for caregivers. S. 3702, with 11 Democrats, 3 Republicans and 3 Independents, was referred to the Senate Finance Committee.  Its companion measure in the lower chamber, H. R. 7165, with 81 cosponsors (72 Democrats and 9 Republicans), was referred to House Ways and Means Committee.  Both bipartisan bills never made it to mark up or even to the House floor for vote. 

Tax Notes reporter Alexander Rifaat, who covers the White House and Treasury, reported in a web article posted on Oct. 29, 2024 that Presidential Republican candidate Donald Trump supported tax relief for caregivers. Rifaat noted that during his 2024 presidential election, at a campaign event held at New York’s Madison Square Garden on Oct. 27, Trump called for a national tax credit for caregivers who are “never spoken of” and stay at home. 

At the campaign event,  Rifaat noted that Trump told the crowd:  “I will support a tax credit for family caregivers who take care of a parent or a loved one. And it’s about time they were recognized, right?” 

Now, as President Trump has an opportunity to keep this campaign promise by calling on the Republican-controlled Congress to work with Democratic lawmakers to give America’s caregivers financial relief, through the passage of a national tax credit legislation that will benefit them.  It’s time to work together and put caregivers before partisan politics.

For a copy of the National Legislative Priorities Survey, Feb. 2025, go to www.aarp.org/content/dam/aarp/research/topics/voter-opinion-research/politics/federal-tax-package-legislative-priorities.doi.10.26419-2fres.00921.001.pdf.

For a listing of organizations urging Congress in Jan. 7, 2025 correspondence to provide financial tax relief to caregivers, go to www.nase.org/sf-docs/default-source/advocacy-documents/financial-relief-for-family-caregivers-credit-for-caring-act-sign-on-letter-january-2025-(1).pdf?sfvrsn=e6b0e0f0_1

www.bls.gov/blog/2023/celebrating-national-family-caregivers-month-with-bls-data.html

To read AARP’s Research Insights into Caregiving, go to www.aarp.org/pri/topics/ltss/family-caregiving/aarp-research-insights-caregiving/.

AARP poll says older women’s vote a “Wild Card” in upcoming election

Pubished in RINewsToday on February 26, 2024.

According to a newly released AARP public opinion poll, women voters age 50 and older are the biggest wild card vote in the upcoming 2024 presidential election, divided almost evenly on their preferred presidential candidate. But these voters express common concerns about their financial wellbeing, political bickering and gridlock, and the overall future direction of the nation.

With woman voters politically split, Democratic and Republican political consultants will most certainly analyze the poll’s findings to the reshape their strategies to win the White House and take control of Congress. The national on-line survey was conducted Jan. 10–21, 2024, polling 2,001 likely women voters age 50 and over and it had a margin of error of plus or minus 3 percent.

AARP’s poll findings detailed in “2024 She’s the Difference: The Wildcard of the 2024 Election” released on Feb. 22, indicated that in head-to-head matchup, 43% of women age 50+ respondents said they would vote for Donald Trump in an election today, while 46% said Joe Biden. In a generic Congressional ballot, Republicans and Democrats are tied at 45%, say the researchers.

Conducted with national pollsters Kristen Soltis Anderson and Margie Omero, the AARP survey of the 2024 Likely Electorate, shows Biden does particularly well among women 65+, winning this group over Trump by a 7-point margin, while women aged 50-64 are more likely to say they are undecided (15%). However, overall, these voters are dissatisfied with the country’s political leaders, and nearly half (48%) are worried about the upcoming election. They are likely to feel they are not being heard by the country’s political  leaders — 75% say politicians in Washington don’t listen to the views of people like them.

“Women aged 50 and over are one of the most consequential and influential voting groups in this election,” said Nancy LeaMond, AARP Executive Vice President and Chief Advocacy and Engagement Officer in a Feb. 22 statement announcing the release of the survey’s findings detailed in the 10-page report. “Women in this voting bloc are concerned about America’s future, their own financial security, wellbeing, and our nation’s political divisiveness. And yet, they are not a monolithic group. Candidates who want to win in 2024 should pay attention to the concerns they share, and the concerns that differ,” notes LeaMond.

During a press call scheduled after the release of AARP’s poll data, LeaMond reinforced the point that woman were fairly evenly divided by party and ideology, and they tend to fall more in the center than their male counterparts.  She also emphasized that there’s bipartisan support for policies that help family caregivers, and said AARP plans to ask every candidate running for public office: “What’s your position on Social Security? And what’s your position on family caregiving?”

AARP’s survey  found that women voters 50+ have serious worries about their financial security.  When asked to choose the two biggest issues facing the nation  today, cost of living tops their list, with 38% citing it a top issue, followed by immigration (32%), threats to democracy (20%), and political division (16%).

The survey’s findings also indicated that half (51%) say they are not confident they will be better off financially a year from now. Among those currently working, 54% don’t think they will have enough money to retire at the age they would like to.  Finally, almost half (48%) say their own personal financial situation is falling short of what they expected at this point in their lives.

A large percentage of the survey respondents expressed their fears about the future of the nation. Seven-in-ten (70%) think the country is on the wrong track, and nearly half (47%) think America’s best days are behind us, while only 27% say the best days are ahead.

AARP’s survey also found that only 19% think the nation will become more stable in the year ahead, while 46% think it will become less so, citing government dysfunction resulting from political gridlock (63%), the economy (58%), political division and partisanship (55%), crime (55%), and the situation at the southern border (53%) as the top issues driving this instability.

Finally, the poll findings indicate that only 28% of women 50+ expect the economy to improve over the next year, while 42%  expect the economy to get worse.

Many women 50+ respondents feel pulled by a wide range of demands, especially caregiving, and that their personal lives aren’t what they expected at this stage of their life.  A third (32%) respondents say that their overall enjoyment in life falls short of what they expected. Many say they are stressed (34%) and worried (32%) when they were asked about how they feel about their life today.

Over seven-in-ten of the respondents noted they are currently a family caregiver (21%) or have been a caregiver (50%) to a parent, partner/spouse, or adult child. Among current unpaid caregivers, more than a third (36%) are also still working.

Across political affiliations, caregiving was viewed as a key political issue to be addressed inside the Beltway. Women voters overall (82%) and women voters 50+ (84%) overwhelmingly see a need for elected officials to provide more support for seniors and caregivers.

 “Women aged 50 plus are not easy to pin down into a single stereotype,” said Kristen Soltis Anderson, founding partner, Echelon Insights. “We know they’re frustrated with the way things are going, don’t believe their voices are being heard, and are worried about the future of the country. Even when they say they feel satisfied with some things in their own lives, they remain very worried about cost of living and our nation’s deep political divisions,” she said.

“While women over 50 might be looking for more ways to stay connected compared to voters overall, they are more likely to be dissatisfied with the amount of time spent with family,” adds Margie Omero, principal at GBAO. “They are less likely to make their voices heard, and are also less likely to feel listened to. Given the size and importance of this group, political leaders should put in the work to stay attuned to these voters’ needs and how to best reach them,” said Margie Omero, principal at GBAO, she said.

Woman’s Political Clout Can Win Elections

According to AARP, women aged 50 and over are one of the largest, most reliable voting blocs. While U.S. Census Bureau data shows they are a little over one-quarter (25.5%) of the voting age population and 28% of registered voters, a study by Pew Research Center found that they casted one-third (33%) of ballots in the 2022 election. 

Political insiders also know they are the largest bloc of swing voters. In 2022, AARP polling showed women 65+ in battleground Congressional districts moved from favoring Republican candidates by 2 points in July 2022, to favoring Democrats by 14 points in November 2022 – a 16-point shift that contributed to the narrowness of the Republican House majority.

According to Wendy J. Schiller, is a Professor of Political Science, Brown University and serves as a political analyst for WJAR10, the local NBC affiliate in Providence and WPRO radio, the gender gap in presidential elections still persists giving Democrats an average 9% advantage over Republicans among all women, but when you break that down, you do see some differences across age and other demographics.  Women of color, especially Black women, tend to vote overwhelmingly for Democrats, and white women are more evenly divided according to their geography, religion, and marital status.  “In recent years, suburban women voters who used to be more typically Republican have shifted their votes to a slight majority for the Democrats, starting with Obama and continuing through Trump and Biden.   Voters over 65 have the highest turnout at about 72% so winning or losing women in this age category can be crucial to an election outcome,” she says. 

Schiller notes that abortion access is an issue that resonates with women of all ages, and that has become a much larger issue since the Dobbs decision overturning Roe v. Wade.  “The immediate reaction among the GOP controlled states was to severely restrict abortion access to 6 weeks, although those efforts have been mitigated by state ballot initiatives in states like Ohio and Kansas.  Now we see with Alabama how far-reaching Dobbs is in terms of things related to defining life; the super majority Republican legislature of Alabama is now scrambling to preserve the right to fertility treatments whose aim is to create life, not end it,” she says.

“And Donald Trump is expected to announce his support for a national ban on abortion after 16 weeks, which is a political move designed to both preserve the right to abortion but also limit it nationally in states where that time frame is longer (20 weeks).  These moves are a clear sign that the GOP knows there may be an electoral cost they will pay for Dobbs in 2024, especially among women,” adds Schiller. 

“The lingering presence of Nikki Haley as a female challenger to Donald Trump in the GOP presidential primary has clearly irritated him, and we will see what his victory speech in South Carolina does to his standing with women in the next national polls that come out,” says Schiller.  

Women and Aging Issues

Recent polling indicating that women — especially women over 50 — are concerned about their financial future this election year is not surprising,” says Max Richman, President and CEO of the National Committee to Preserve Social Security and Medicare. “We have long advocated for improved retirement security for women,” he says.

“On average, women do not enjoy the same level of retirement security as men, due to historic wage inequality and uncompensated time off caring for family members.  Women also tend to live longer than men, meaning that their retirement income and savings must be stretched over a longer period of time, Richtman notes.

According to Richtman, this election is crucial for women’s retirement security, because the two parties’ approaches to Social Security are so divergent. President Biden has called on Congress to expand and strengthen Social Security.  “Congressional Democrats have introduced legislation to enhance the program, which would boost benefits for all retirees, with special increases for widows and widowers and beneficiaries over 85 years of age,” he says, noting that Democrats have also proposed new caregiver credits that would increase Social Security benefits for those who take time out of the workforce to care for loved ones.

“On the other side of the aisle, Republicans have repeatedly proposed to cut Social Security by raising the retirement age, means testing, and adopting a more miserly COLA formula — all of which would be detrimental to women in retirement. After years of financial inequality, it is time for women to enjoy a level of retirement security on par with men. And this year, the choice for women at the ballot box could not be clearer,” states Richtman.

According to Well-Know Rhode Island political analyst, Joe Fleming, confirms that female voters will be key in this election. In 2020 Biden did extremely well with this group and retain them to win re-election. “There is no question that suburban women will be key, if Biden is to win the suburbs he must have support from these female voters,” says Fleming.

“The issue of abortion plays very well with female voters and does not have a personal impact on female voters over 50 but, I believe it still has a major impact on them. We have seen this in states that had abortion questions on the ballot and in some red state” notes Fleming.

However, Fleming warns that one must keep in mind that the election is many months away and voters opinions change over time. 

American Political Scientist Darrell M.West agrees with Fleming assessment that woman voters will be key in electing the next president. “Women will make up a majority of the electorate in 2024 so will play an outsized role in who wins. Suburban women will be especially crucial because they have been swing voters in recent elections. Whoever wins that group likely will be the next president,” says Darrell West, Senior Fellow in the Center for Technology Innovation of the Governance Studies program at the Washington, D.C.-based Brookings Institute.  His research focuses on media, technology, and elections.

To view the full poll findings, visit www.aarp.org/shesthedifference.

To access all of Herb’s articles published by RINewstoday, go to https://rinewstoday.com/herb-weiss/